Spread before costs (cost unknown: a leg has no order-book sample)−0.214%
7d average—if it closes, per $10,000$21funding while held, a day+$8.47
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 733.13 | −0.0015 | get 0.0007% / 4h | 2h 51m | $1.9M | $5K | 10x |
| Short | Aftermath Perps METAUSD | 731.56 | 0.0267 | get 0.0033% / 1h | 51m 13s | $43K | $47K | 10x |
Phemex METAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$21.35
- Funding while held
- $8.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$33.89
- Spread needed to break even
- 0.210%
Slippage unknown: Phemex: live order book, 4 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0282%
- Per $10,000 a day
- +$8.47
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 4 min ago | 2.33 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni729.74cheapestPhoenix730.45+0.097%SoDEX732.27+0.346%Bybit732.28+0.348%Gate732.30+0.350%edgeX732.33+0.354%Deribit732.34+0.356%Binance732.39+0.363%Bitget732.40+0.364%Lighter RH732.42+0.367%Lighter732.48+0.375%OKX732.49+0.376%KuCoin732.49+0.376%BloFin732.52+0.381%Paradex732.59+0.390%Ondo Perps732.65+0.398%Nado732.67+0.401%Aevo732.69+0.404%Extended732.70+0.405%ApeX Omni732.71+0.407%QFEX732.77+0.415%tradeXYZ732.80+0.419%Aster732.81+0.420%Injective732.81+0.420%Arcus732.82+0.422%Orderly732.82+0.422%Coinbase International732.82+0.422%Popdex732.84+0.424%HTX732.84+0.424%Polymarket Perps732.92+0.435%SunX733.04+0.452%
Variational Omni
Phoenix
SoDEX
Bybit
Gate
Deribit
Binance
Bitget
Lighter RH
Lighter
OKX
KuCoin
BloFin
Paradex
Ondo Perps
Nado
Aevo
Extended
ApeX Omni
QFEX
tradeXYZ
Aster
Injective
Arcus
Orderly
Coinbase International
Popdex
HTX
Polymarket Perps
SunXPhemex733.13+0.464%
Hotstuff733.25+0.481%Vest733.32+0.490%
Hotstuff
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.462% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.366% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Aftermath Perps METAUSDshort | −0.214% | +0.0267% | 1h | $43K | $47K | 10x | |
| SoDEX META-USD | −0.117% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Bybit METAUSDT | −0.116% | 0.0000% | 8h | $7.5M | $9.1M | 100x | as long as short |
| Gate META_USDT | −0.113% | 0.0000% | 8h | $344K | $3.9M | 100x | as long as short |
| edgeX METAUSDC | −0.109% | +0.0647% | 4h | $61K | $326K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.108% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Binance METAUSDT | −0.101% | 0.0000% | 8h | $25.2M | $119.6M | 20x | as long as short |
| Bitget METAUSDT | −0.100% | 0.0000% | 8h | $5.4M | $8.0M | 100x | as long as short |